H.G. Infra Engineering Limited has informed the Exchange regarding 'Declaration of Appointed Date By National Highway Division, R&B Department, Ahmedabad'.
HGINFRA · price
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Awaiting price reaction for this filing.
H.G. Infra Engineering's wholly-owned subsidiary, H.G. Narol Sarkhej Highway Private Limited, has received the appointed date from the National Highway Division, R&B Department, Ahmedabad for a road up-gradation project. The project involves upgrading a 6-lane road including an elevated corridor from Narol Junction to Sarkhej Junction on NH 47 in Gujarat, covering 10.63 km. The project cost is INR 781.11 crore with a 30-month construction period, to be executed under the Hybrid Annuity Mode (HAM). The appointed date is August 19, 2025, and the confirmation letter was received on August 21, 2025. This is a follow-up to the company's earlier announcement dated August 20, 2024 regarding the project award.
Positive for H.G. Infra — the 781 crore HAM project officially commences, adding meaningful revenue visibility over the next 30 months and strengthening the company's highway order book. HAM projects also bring annuity-based receivables, providing cash flow predictability.